European Central Bank @ecb@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
Working Paper: Tax thy neighbour - Corporate tax pass-through into downstream consumer prices in a monetary union https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2681~be66c3501e.en.pdf?562ac26a5c09069f6ba79a2ac0dcb419
McCaul: Banks engaged in crypto-related services must understand and work to minimise money-laundering and terrorism-financing risks. We should aim for a harmonised regulatory and supervisory framework as soon as possible
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🧵 I welcome that, under the new single rulebook, all crypto-asset service providers would face the same requirements as others when it comes to preventing money laundering and terrorism funding, says Supervisory Board member Elizabeth McCaul https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220713~73f22a486e.en.html
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You can now also listen 🎧 to this podcast episode on YouTube https://www.youtube.com/watch?v=xnBuwWCpJ28
RT @Lagarde: Politically and economically, we are stronger together, especially in these uncertain times.
Our common currency, the euro, offers protection against the headwinds we face.
Watch my remarks as we mark a momentous step in Croatia’s euro journey ⬇️
RT @Lagarde: Congratulations Croatia! Čestitam, Hrvatska! 🇪🇺🇭🇷
🇪🇺🇭🇷 Croatia will adopt the euro as of next year!
The country fulfils all convergence criteria, the Council of the European Union agreed today. Croatia is now formally approved to join the euro area on 1 January 2023.
Press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220712~b97dd38de3.en.html
Our latest Macroprudential Bulletin is out!
This issue looks at crypto-assets. What are the risks and policy implications of certain segments, and how might crypto-assets affect climate transition risk?
⬇️ for a preview of what’s inside. Read more https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/index.en.html
Public support to banks should be minimised, we tell @EU_Commission in our response to its evaluation of state aid rules. European-wide industry-funded safety nets should be further developed to minimise the need to use taxpayers’ money in banking crises https://www.ecb.europa.eu/pub/pdf/other/ecb.contribution_commission_consultation_evaluation_state_rules.20220711~8a7086c679.en.pdf?15cdd1ece3d06f5e096cf55c84885da4
Supervisory banking statistics (Q1 2022) https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220711~e8719c4d76.en.html
What did our stress test on banks’ exposures to climate risks show?
How will we incorporate climate change into our monetary policy operations?
Host @katieranger_ discusses these questions with Executive Board Member @FrankElderson in #TheECBPodcast
https://pod.link/1481819425/episode/30f9efc15322a9f199122e3d2c7b37e7
We are reducing our portfolio’s carbon footprint and pushing banks to manage climate and environmental risks, write @Isabel_Schnabel and @FrankElderson.
Within our mandate, we are incorporating climate change into our monetary policy & banking supervision https://www.ecb.europa.eu/press/blog/html/index.en.html
Letter from the ECB President to Mr Nuno Melo, MEP, on ECB tasks https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220708_Melo~a9fcf4c7c7.en.pdf (EN) https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220708_Melo~a9fcf4c7c7.pt.pdf (PT)
Letter from the ECB President to Mr Engin Eroglu, MEP, on ECB communication https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220708_Eroglu~8eda5e80d3.en.pdf (EN) https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220708_Eroglu~8eda5e80d3.de.pdf (DE)
Coming up at #REAix2022:
Today from 13:55 CET – President Christine @Lagarde in a panel on global risks
Tomorrow from 15:30 CET – Executive Board member @Isabel_Schnabel in a panel on central banks at the heart of the greening of the economy
Watch live https://www.lesrencontreseconomiques.fr/en/
RT @Cercle_eco: #REAix2022 Le plus grand débat économique européen ouvert à tous et gratuit fait son retour ! RDV du 8 au 10 juillet à Aix-en-P…
We have also launched a new webpage dedicated entirely to banking supervision and climate change.
Find out about banks’ exposure to the transition and physical risks of climate change, and how we are helping banks to better manage those risks https://www.bankingsupervision.europa.eu/about/climate/html/index.en.html
RT @ecb: What are we doing to account for the impact of climate change and the green transition on our economy?
Go to our upd…
RT @FrankElderson: 🧵Our climate stress test⬇️is a key milestone as we make our financial system more resilient to climate risk.
Despite the progress already made, banks must take decisive action and develop robust climate stress-testing frameworks.
See the press release https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220708~565c38d18a.en.html
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We are committed to guiding European banks through the green transition. Today we have published the results of our first ever supervisory climate risk stress test https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220708~565c38d18a.en.html
Watch the video message from Supervisory Board Vice-Chair Frank Elderson ⬇️
RT @FrankElderson: I just wrapped up my first #AskECB, answering your questions on inflation, interest rate hikes, fragmentation, the digital euro & crypto, climate change and banking supervision.
Take a look at all of the videos on our Instagram https://t.co/rdTaKBnXrP
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
